Precision Farming Market Set for Rapid Growth to Reach CAGR of Over 15.3% by 2026 - Raven, Monsanto, BASF

Precision Farming Market is accounted for $3.92 billion in 2017 and is expected to reach $14.09 billion by 2026 growing at a CAGR of 15.3% during the forecast period. Some of the key factors influencing the market growth include adoption of new farming technologies for boosting agricultural production, growing proliferation of internet of things (iot) and use of advanced analytics by farmers and rising demand for food products. However, high initial investment in r&d is restricting the market growth.

Major Key Players of the Precision Farming Market are:
Raven Industries Inc., Monsanto Company, BASF SE, AGCO Corporation, Trimble Navigation Limited, DICKEY-john Corporation, Valmont Industries Inc., Deere & Company, Yara International ASA, Lindsay Corporation, TeeJet Technologies, Land O'lakes Inc., Ag Junction Inc, Topcon Precision Agriculture and E.I. Du Pont De Nemours And Company (Dupont).

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Precision farming also known as precision agriculture or site specific crop management (SSCM) is a farm management technique that uses information technology to observe, measure, and respond to intra and inter-field variability in crops and soil. It can help to supply the equivalent amount of food to the rising world population and helps farmers to achieve a greater suitability, higher productivity, economic benefits and environmental protection.

Amongst offering, Hardware segment is estimated to have a lucrative growth due to the high adoption of automation and control devices-drones/UAVs, GPS/GNSS, irrigation controllers, guidance and steering systems, yield monitors, and sensors. The increasing adoption of new technologies and advanced devices for precision farming is expected to drive the growth of the precision farming market for hardware. By Geography, The North America precision farming market is is likely to have a huge demand owing to mechanization and heavy dependence on technology for aiding agribusinesses. The factors that are backing the market growth in the region are estimated to be the increasing awareness about the quality of crops and the introduction of new initiatives to bring innovations to the sector.

Major Technologies of Precision Farming Market covered are:
Remote Sensing
Guidance Technology
Variable-Rate Technology
High precision positioning systems
Geomapping
Integrated electronic communication

Major Applications of Precision Farming Market covered are:
Financial Management
Crop Scouting
Yield Monitoring
Weather Tracking & Forecasting
Farm Labor Management
Irrigation Management
Field Mapping
Inventory Management
Waste management
Crop Management
Soil Monitoring
Personnel Management
Other Applications

Research objectives:-

- To study and analyze the global Precision Farming consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Precision Farming market by identifying its various sub-segments.
- Focuses on the key global Precision Farming manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Precision Farming with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Precision Farming Market Size
2.2 Precision Farming Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Precision Farming Market Size by Manufacturers
3.2 Precision Farming Key Players Head office and Area Served
3.3 Key Players Precision Farming Product/Solution/Service
3.4 Date of Enter into Precision Farming Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Precision Farming Sales by Product
4.2 Global Precision Farming Revenue by Product
4.3 Precision Farming Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Precision Farming Breakdown Data by End User

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In the end, Precision Farming industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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